Cory Bernardi (SA, Australian Conservatives) Share this | Hansard source

Thank you, Minister. I'm heartened by your assurance that a detailed investment strategy was not demanded, contrary to the article. But many SMSFs are set up to hold primarily the real estate assets that fund members operate their businesses from. These business owners do not have the time or resources to respond to fishing expeditions or heavy-handed bureaucratic letters like this one from the ATO. Minister, when making these requests of SMSFs, what oversight do you provide, or does the government provide, to the ATO?